CDB projects Dominica to have one of the highest economic growths in 2018

by: Dominica Vibes News - February 8, 2018

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Dr. Justin Ram, Director of Economics at the Caribbean Development Bank

Dr. Justin Ram, Director of Economics at the Caribbean Development Bank (CDB) during the bank’s annual news conference on Wednesday 8 February 2018, announced that Dominica is one of two islands in the bank’s borrowing member countries which is projected to have the highest economic growth for 2018.

This 6.4% growth however comes after Dominica recorded negative growth of -6.9% for 2017 due to devastation caused by the passage of Hurricane Maria last September.

“The highest growth rates are projected for Anguilla and Dominica as they rebuild from the damage caused by the 2017 hurricanes. Antigua and Barbuda and the Turks and Caicos Islands are also expected to have strong growth,” he said.

Dr. Ram also revealed that all borrowing member countries are expected to have positive economic growth for 2018.

“We anticipate that the economies of all BMCs will grow in 2018; we expect the regional economy to grow by 2% compared with the 0.6% in 2017. This will be driven mainly by the return to growth in Trinidad and Tobago and a 2.3% uptake in Jamaica which accounts for about a fifth of regional GDP,” Dr. Ram said.

5 thoughts on “CDB projects Dominica to have one of the highest economic growths in 2018”

How else can Jonathan St Jean be but on the defensive, as he stares down the political gun barrel of assured term for Roosevelt Skerrit — the greatest Caribbean leader when it comes to steering his country through (and out of) crisis after major crisis.

So who should take credit for that? Skerritt or Maria?These numbers mean very little when one considers that the country will not be back to pre-hurricane Maria levels and most people are now worse off than they were and also the anemic productive and business sectors will not all be up and running.This is just feel good news in a vacuum

Jonathan you are indeed a political “animal”! A simple, straightforward statement from a CDB economist indicating a projected positive growth for Dominica in 2018 has you on the defensive wondering who will take credit for that welcome bit of news! Can’t you shed you blue spectacles on occasion?
Fellas like you are like your leader who would not wish anything good for Dominica as long as Skerrit is Prime Minister!

Consider this statement,” my valuable piece of chinaware fell from a shelf 12 feet off the floor, guess what? It broke into pieces”Now this isn’t breaking news is it?So to tell people that Dominica will experience a high level of growth in GDP following a devastation of the country’s infrastructure and economy is not groundbreaking news when it’s presented in a vacuum as if all of a sudden Dominica’s authorities are on the right track with fiscal and economic policies.This was not groundbreaking news.You are so on edge and razor-sharp politically that you have no place for a little cynicism.So who should take credit for this groundbreaking piece of news?